alt Hacker NewsFun fact: While the US spent more than 3 cents for every penny minted and distributed, it spends about 14 cents for every nickel minted and distributed!
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braiamp • last Wednesday at 7:00 PM
Which is pennies compared to the amount of economic activity that those pennies facilitated.
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When they decided to stop minting pennies I think they should have gotten rid of nickels and (I know this will be controversial) quarters as well!
Keep dimes and ramp up production of half dollars. Then we can just drop the second decimal place and standardize pricing everything in 0.1 dollar increments.
The fact that quarters are still somewhat commonly used in machines (vending machines, parking meters, laundry) is probably the biggest practical obstacle.